Stock Market & Financial Investment News

Nokia tries to gain an edge with $20 handset, Bloomberg saysHandset maker Nokia (NOK), in an effort to gain some competitive footing against rivals Apple (AAPL) and Samsung (SSNLF), has introduced a bare-bones phone that sells for $20, says Bloomberg. The phone has been available for a few weeks in India and Indonesia and will be introduced in Europe soon. Reference Link

IDC says Xiaomi outpaced Samsung for 2014 Chinese smartphone salesResearch firm IDC reports that Xiaomi achieved a 12.5% market share in China for 2014, while Samsung took second place with 12.1%. Chinese Q4 sales for Samsung fell to fifth place among smartphone makers, at 7.9% market share, down from 18.8% in 4Q13. IDC expects roughly 10% YoY growth for the 2015 smartphone market in China.